7月进口放量,价格能否企稳? | China Weekly 27th August 2019

  • 得益于销售节奏的加快,目前国内糖厂的资金压力大有缓解,利于现货价格企稳。
  • 根据泰国7月出口数据,走私方面仍然维持地量,利好市场。
  • 7月食糖进口放量意味着加工糖供应的放量,需关注8月销售数据,以及基本面变化对价格的影响。

市场热点回顾  

   

ZCE & ICE 期货价走势  

  • 得益于现货销售节奏良好的支撑,上周ZCE郑糖价格持稳在5500元。
  • 这周需关注7月进口放量的影响下,价格能否企稳目前水平。
  • 而受压于全球库存高位,ICE纽约原糖价格仍然位徘徊在12美分以下。

  

进口利润 & 供应节奏  

  • 如上周预期,7月进口放量,其中原糖进口37万吨。1-7月原糖累计进口约131万吨。
  • 除了42.7万吨古巴糖仍等待加工投放,相信其余大部分已经清关并陆续加工。
  • 进口量最大的是大连口岸,约25万吨(不含古巴糖),成为目前加工糖的主要供应源。

  

食糖现货升水走势  

  • 目前广西产一级白砂糖的现货升水在200元水平波动。

Rosa Li

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